$NOVT
NOVANTA INC

2020 Form 10-K Financial Statement

#000156459021009673 Filed on March 01, 2021

View on sec.gov

Income Statement

Concept 2020 2019 Q4 2018
Revenue $590.6M $159.7M $614.3M
YoY Change -5.67% 2.24% 17.85%
Cost Of Revenue $346.1M $93.70M $352.8M
YoY Change -4.92% 2.18% 17.31%
Gross Profit $244.5M $66.00M $261.5M
YoY Change -6.7% 2.33% 18.59%
Gross Profit Margin 41.4% 41.33% 42.57%
Selling, General & Admin $109.9M $29.40M $115.9M
YoY Change -7.22% 3.89% 13.6%
% of Gross Profit 44.93% 44.55% 44.32%
Research & Development $61.00M $14.80M $51.00M
YoY Change 8.99% 11.28% 22.3%
% of Gross Profit 24.95% 22.42% 19.5%
Depreciation & Amortization $38.29M $10.30M $37.05M
YoY Change 0.03% 6.19% 20.46%
% of Gross Profit 15.66% 15.61% 14.17%
Operating Expenses $170.8M $48.30M $190.5M
YoY Change -17.39% 5.92% 16.91%
Operating Profit $55.89M $17.70M $71.01M
YoY Change 1.1% -6.35% 23.36%
Interest Expense -$6.564M -$3.400M -$9.814M
YoY Change -22.71% 54.55% 36.97%
% of Operating Profit -11.74% -19.21% -13.82%
Other Income/Expense, Net $21.00K -$100.0K -$44.00K
YoY Change -108.64% -200.0% -80.79%
Pretax Income $48.40M $9.600M $61.30M
YoY Change 5.76% -29.41% -19.48%
Income Tax $3.882M $300.0K $10.21M
% Of Pretax Income 8.02% 3.13% 16.65%
Net Earnings $44.52M $9.200M $49.11M
YoY Change 9.19% -20.69% -18.22%
Net Earnings / Revenue 7.54% 5.76% 7.99%
Basic Earnings Per Share $1.27 $1.46
Diluted Earnings Per Share $1.25 $258.4K $1.43
COMMON SHARES
Basic Shares Outstanding 35.14M 34.91M
Diluted Shares Outstanding 35.65M 35.47M

Balance Sheet

Concept 2020 2019 Q4 2018
SHORT-TERM ASSETS
Cash & Short-Term Investments $125.1M $78.90M $82.00M
YoY Change 58.56% -3.78% -18.08%
Cash & Equivalents $125.1M $78.94M $82.00M
Short-Term Investments
Other Short-Term Assets $8.100M $12.00M $9.200M
YoY Change -32.5% 30.43% -14.02%
Inventory $92.70M $116.6M $104.8M
Prepaid Expenses
Receivables $75.10M $91.08M $84.00M
Other Receivables $3.200M $5.900M $1.800M
Total Short-Term Assets $304.2M $304.5M $281.8M
YoY Change -0.1% 8.07% -2.12%
LONG-TERM ASSETS
Property, Plant & Equipment $113.1M $77.56M $65.50M
YoY Change 0.35% 18.47% 6.16%
Goodwill $274.7M
YoY Change 26.21%
Intangibles $166.2M
YoY Change 16.27%
Long-Term Investments
YoY Change
Other Assets $13.40M $2.713M $11.80M
YoY Change 15.52% 19.57% 6.31%
Total Long-Term Assets $561.0M $565.2M $437.8M
YoY Change -0.74% 29.1% -0.23%
TOTAL ASSETS
Total Short-Term Assets $304.2M $304.5M $281.8M
Total Long-Term Assets $561.0M $565.2M $437.8M
Total Assets $865.2M $869.7M $719.6M
YoY Change -0.52% 20.87% -0.98%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $43.00M $52.59M $50.70M
YoY Change -18.25% 3.65% 27.39%
Accrued Expenses $34.40M $53.90M $29.10M
YoY Change -36.18% 85.22% 8.18%
Deferred Revenue $3.219M
YoY Change -22.71%
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $15.20M $5.031M $4.500M
YoY Change 141.27% 10.94% -50.55%
Total Short-Term Liabilities $114.2M $134.8M $104.2M
YoY Change -15.28% 29.42% 6.11%
LONG-TERM LIABILITIES
Long-Term Debt $200.8M $215.3M $202.8M
YoY Change -12.77% 6.16% -13.11%
Other Long-Term Liabilities $49.20M $36.89M $21.70M
YoY Change -19.21% 114.62% 99.08%
Total Long-Term Liabilities $250.0M $252.2M $224.5M
YoY Change -14.12% 14.63% -8.1%
TOTAL LIABILITIES
Total Short-Term Liabilities $114.2M $134.8M $104.2M
Total Long-Term Liabilities $250.0M $252.2M $224.5M
Total Liabilities $388.4M $452.6M $351.3M
YoY Change -14.18% 28.82% -15.39%
SHAREHOLDERS EQUITY
Retained Earnings -$38.32M
YoY Change -51.55%
Common Stock $473.6M
YoY Change 0.79%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $476.8M $417.2M $368.3M
YoY Change
Total Liabilities & Shareholders Equity $865.2M $869.7M $719.6M
YoY Change -0.52% 20.87% -0.98%

Cashflow Statement

Concept 2020 2019 Q4 2018
OPERATING ACTIVITIES
Net Income $44.52M $9.200M $49.11M
YoY Change 9.19% -20.69% -18.22%
Depreciation, Depletion And Amortization $38.29M $10.30M $37.05M
YoY Change 0.03% 6.19% 20.46%
Cash From Operating Activities $140.2M $35.40M $89.65M
YoY Change 121.73% 61.64% 41.45%
INVESTING ACTIVITIES
Capital Expenditures $10.52M -$2.700M $14.66M
YoY Change -2.04% -20.59% 61.18%
Acquisitions
YoY Change
Other Investing Activities -$2.600M $0.00 -$29.30M
YoY Change -95.1% -100.0% -82.59%
Cash From Investing Activities -$13.20M -$2.700M -$45.59M
YoY Change -79.32% -18.18% -74.3%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $5.500M $5.850M
YoY Change -45.0% 1362.5%
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -84.36M -16.30M -60.16M
YoY Change 2063.0% -65.97% -141.98%
NET CHANGE
Cash From Operating Activities 140.2M 35.40M 89.65M
Cash From Investing Activities -13.20M -2.700M -45.59M
Cash From Financing Activities -84.36M -16.30M -60.16M
Net Change In Cash 46.11M 16.40M -18.01M
YoY Change -1587.9% -155.97% -161.42%
FREE CASH FLOW
Cash From Operating Activities $140.2M $35.40M $89.65M
Capital Expenditures $10.52M -$2.700M $14.66M
Free Cash Flow $129.7M $38.10M $74.99M
YoY Change 147.05% 50.59% 38.14%

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CY2019 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-3099000
CY2018 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-18014000
CY2019Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
78944000
CY2018Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
82043000
CY2017Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
100057000
CY2020Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
125054000
CY2020 us-gaap Use Of Estimates
UseOfEstimates
<p style="margin-bottom:0pt;margin-top:6pt;margin-left:2.27%;text-indent:0%;font-weight:bold;font-style:italic;font-size:10pt;font-family:Times New Roman;text-transform:none;font-variant: normal;">Use of Estimates </p> <p style="margin-bottom:0pt;margin-top:6pt;text-indent:4.54%;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">The preparation of financial statements in conformity with generally accepted accounting principles requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities, disclosure of contingent assets and liabilities at the dates of the financial statements, and the reported amounts of revenue and expenses during the reporting periods. Estimates and assumptions are reviewed on an on-going basis and the effects of revisions are reflected in the period in which they are deemed to be necessary. The Company evaluates its estimates based on historical experience, current conditions, including estimated economic implications of the COVID-19 pandemic, and various other assumptions that it believes are reasonable under the circumstances. The accounting estimates assessed included, but were not limited to, the Company’s allowance for doubtful accounts and credit losses, inventory and related reserves, accruals for contingent earnout agreements from business acquisitions, share-based compensation expense associated with performance-based restricted stock units, and the carrying value of goodwill and other long-lived assets. While there was not a material change to the consolidated financial statements related to these estimates as of and for the year ended December 31, 2020, the Company’s future assessment of the magnitude and duration of the COVID-19 pandemic, as well as other factors, could result in material impacts to the Company’s consolidated financial statements in future reporting periods. </p>
CY2019Q4 us-gaap Allowance For Doubtful Accounts Receivable Current
AllowanceForDoubtfulAccountsReceivableCurrent
297000
CY2018Q4 us-gaap Allowance For Doubtful Accounts Receivable Current
AllowanceForDoubtfulAccountsReceivableCurrent
321000
CY2017Q4 us-gaap Allowance For Doubtful Accounts Receivable Current
AllowanceForDoubtfulAccountsReceivableCurrent
554000
CY2020 us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
158000
CY2019 us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
33000
CY2018 us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
66000
CY2019 novt Allowance For Doubtful Accounts Receivable Credit Loss Resulting From Acquisitions
AllowanceForDoubtfulAccountsReceivableCreditLossResultingFromAcquisitions
120000
CY2020 us-gaap Allowance For Doubtful Accounts Receivable Write Offs
AllowanceForDoubtfulAccountsReceivableWriteOffs
207000
CY2019 us-gaap Allowance For Doubtful Accounts Receivable Write Offs
AllowanceForDoubtfulAccountsReceivableWriteOffs
179000
CY2018 us-gaap Allowance For Doubtful Accounts Receivable Write Offs
AllowanceForDoubtfulAccountsReceivableWriteOffs
295000
CY2020 novt Allowance For Doubtful Accounts Translation Adjustment
AllowanceForDoubtfulAccountsTranslationAdjustment
-26000
CY2019 novt Allowance For Doubtful Accounts Translation Adjustment
AllowanceForDoubtfulAccountsTranslationAdjustment
-2000
CY2018 novt Allowance For Doubtful Accounts Translation Adjustment
AllowanceForDoubtfulAccountsTranslationAdjustment
4000
CY2018Q4 us-gaap Allowance For Doubtful Accounts Receivable Current
AllowanceForDoubtfulAccountsReceivableCurrent
321000
us-gaap Business Combination Pro Forma Information Revenue Of Acquiree Since Acquisition Date Actual
BusinessCombinationProFormaInformationRevenueOfAcquireeSinceAcquisitionDateActual
4900000
us-gaap Business Combination Pro Forma Information Earnings Or Loss Of Acquiree Since Acquisition Date Actual
BusinessCombinationProFormaInformationEarningsOrLossOfAcquireeSinceAcquisitionDateActual
-3500000
novt Amortization Of Inventory Fair Value Adjustments And Purchased Intangible Assets
AmortizationOfInventoryFairValueAdjustmentsAndPurchasedIntangibleAssets
2200000
CY2018 us-gaap Number Of Businesses Acquired
NumberOfBusinessesAcquired
2
CY2018 us-gaap Payments To Acquire Businesses Gross
PaymentsToAcquireBusinessesGross
33500000
CY2018 us-gaap Other Comprehensive Income Loss Before Reclassifications Net Of Tax
OtherComprehensiveIncomeLossBeforeReclassificationsNetOfTax
-5473000
CY2018 us-gaap Reclassification From Accumulated Other Comprehensive Income Current Period Before Tax
ReclassificationFromAccumulatedOtherComprehensiveIncomeCurrentPeriodBeforeTax
826000
CY2019 us-gaap Other Comprehensive Income Loss Before Reclassifications Net Of Tax
OtherComprehensiveIncomeLossBeforeReclassificationsNetOfTax
3428000
CY2019 us-gaap Reclassification From Accumulated Other Comprehensive Income Current Period Before Tax
ReclassificationFromAccumulatedOtherComprehensiveIncomeCurrentPeriodBeforeTax
986000
CY2020 us-gaap Other Comprehensive Income Loss Before Reclassifications Net Of Tax
OtherComprehensiveIncomeLossBeforeReclassificationsNetOfTax
5157000
CY2020 us-gaap Reclassification From Accumulated Other Comprehensive Income Current Period Before Tax
ReclassificationFromAccumulatedOtherComprehensiveIncomeCurrentPeriodBeforeTax
715000
CY2019Q4 us-gaap Goodwill
Goodwill
274710000
CY2020 us-gaap Goodwill Purchase Accounting Adjustments
GoodwillPurchaseAccountingAdjustments
-93000
CY2020 us-gaap Goodwill Foreign Currency Translation Gain Loss
GoodwillForeignCurrencyTranslationGainLoss
11363000
CY2020Q4 us-gaap Goodwill
Goodwill
285980000
CY2020Q4 us-gaap Goodwill Gross
GoodwillGross
437209000
CY2020Q4 us-gaap Goodwill Impaired Accumulated Impairment Loss
GoodwillImpairedAccumulatedImpairmentLoss
151229000
CY2020Q4 us-gaap Goodwill
Goodwill
285980000
CY2019Q4 us-gaap Goodwill Gross
GoodwillGross
425939000
CY2019Q4 us-gaap Goodwill Impaired Accumulated Impairment Loss
GoodwillImpairedAccumulatedImpairmentLoss
151229000
CY2019Q4 us-gaap Goodwill
Goodwill
274710000
CY2020Q4 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
350226000
CY2020Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
214732000
CY2020Q4 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
135494000
CY2020Q4 us-gaap Indefinite Lived Trade Names
IndefiniteLivedTradeNames
13027000
CY2020Q4 us-gaap Intangible Assets Gross Excluding Goodwill
IntangibleAssetsGrossExcludingGoodwill
363253000
CY2020Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
214732000
CY2020Q4 us-gaap Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
148521000
CY2019Q4 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
341211000
CY2019Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
188063000
CY2019Q4 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
153148000
CY2019Q4 us-gaap Indefinite Lived Trade Names
IndefiniteLivedTradeNames
13027000
CY2019Q4 us-gaap Intangible Assets Gross Excluding Goodwill
IntangibleAssetsGrossExcludingGoodwill
354238000
CY2019Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
188063000
CY2019Q4 us-gaap Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
166175000
CY2020 us-gaap Cost Of Goods And Services Sold Amortization
CostOfGoodsAndServicesSoldAmortization
11123000
CY2019 us-gaap Cost Of Goods And Services Sold Amortization
CostOfGoodsAndServicesSoldAmortization
10588000
CY2018 us-gaap Cost Of Goods And Services Sold Amortization
CostOfGoodsAndServicesSoldAmortization
10060000
CY2020 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
13970000
CY2019 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
15857000
CY2018 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
15550000
CY2020 novt Amortization Of Intangible Assets Including Cost Of Goods Sold Amortization
AmortizationOfIntangibleAssetsIncludingCostOfGoodsSoldAmortization
25093000
CY2019 novt Amortization Of Intangible Assets Including Cost Of Goods Sold Amortization
AmortizationOfIntangibleAssetsIncludingCostOfGoodsSoldAmortization
26445000
CY2018 novt Amortization Of Intangible Assets Including Cost Of Goods Sold Amortization
AmortizationOfIntangibleAssetsIncludingCostOfGoodsSoldAmortization
25610000
CY2020Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Next Twelve Months
FiniteLivedIntangibleAssetsAmortizationExpenseNextTwelveMonths
26374000
CY2020Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Two
FiniteLivedIntangibleAssetsAmortizationExpenseYearTwo
23809000
CY2020Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Three
FiniteLivedIntangibleAssetsAmortizationExpenseYearThree
20810000
CY2020Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Four
FiniteLivedIntangibleAssetsAmortizationExpenseYearFour
16490000
CY2020Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Five
FiniteLivedIntangibleAssetsAmortizationExpenseYearFive
13378000
CY2020Q4 us-gaap Finite Lived Intangible Assets Amortization Expense After Year Five
FiniteLivedIntangibleAssetsAmortizationExpenseAfterYearFive
34633000
CY2020Q4 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
135494000
CY2020 us-gaap Goodwill And Intangible Asset Impairment
GoodwillAndIntangibleAssetImpairment
0
CY2019 us-gaap Goodwill And Intangible Asset Impairment
GoodwillAndIntangibleAssetImpairment
0
CY2018 us-gaap Goodwill And Intangible Asset Impairment
GoodwillAndIntangibleAssetImpairment
0
CY2020 us-gaap Profit Loss
ProfitLoss
44521000
CY2019 us-gaap Profit Loss
ProfitLoss
40773000
CY2018 us-gaap Profit Loss
ProfitLoss
51095000
CY2018 us-gaap Income Loss Attributable To Noncontrolling Interest
IncomeLossAttributableToNoncontrollingInterest
1986000
CY2020 us-gaap Net Income Loss
NetIncomeLoss
44521000
CY2019 us-gaap Net Income Loss
NetIncomeLoss
40773000
CY2018 us-gaap Net Income Loss
NetIncomeLoss
49109000
CY2018 us-gaap Minority Interest Change In Redemption Value
MinorityInterestChangeInRedemptionValue
1781000
CY2020 novt Net Income Loss After Adjustment For Redeemable Noncontrolling Interest Redemption Value
NetIncomeLossAfterAdjustmentForRedeemableNoncontrollingInterestRedemptionValue
44521000
CY2019 novt Net Income Loss After Adjustment For Redeemable Noncontrolling Interest Redemption Value
NetIncomeLossAfterAdjustmentForRedeemableNoncontrollingInterestRedemptionValue
40773000
CY2018 novt Net Income Loss After Adjustment For Redeemable Noncontrolling Interest Redemption Value
NetIncomeLossAfterAdjustmentForRedeemableNoncontrollingInterestRedemptionValue
50890000
CY2020 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
35144000
CY2019 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
35030000
CY2018 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
34913000
CY2020 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
510000
CY2019 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
516000
CY2018 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
560000
CY2020 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
35654000
CY2019 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
35546000
CY2018 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
35473000
CY2020 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
13000
CY2019 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
41000
CY2018 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
4000
CY2020 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
1.27
CY2019 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
1.16
CY2018 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
1.46
CY2020 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
1.25
CY2019 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
1.15
CY2018 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
1.43
CY2020Q4 us-gaap Inventory Raw Materials Net Of Reserves
InventoryRawMaterialsNetOfReserves
55657000
CY2019Q4 us-gaap Inventory Raw Materials Net Of Reserves
InventoryRawMaterialsNetOfReserves
76268000
CY2020Q4 us-gaap Inventory Work In Process Net Of Reserves
InventoryWorkInProcessNetOfReserves
15487000
CY2019Q4 us-gaap Inventory Work In Process Net Of Reserves
InventoryWorkInProcessNetOfReserves
15096000
CY2020Q4 us-gaap Inventory Finished Goods Net Of Reserves
InventoryFinishedGoodsNetOfReserves
20234000
CY2019Q4 us-gaap Inventory Finished Goods Net Of Reserves
InventoryFinishedGoodsNetOfReserves
23431000
CY2020Q4 us-gaap Other Inventory Net Of Reserves
OtherInventoryNetOfReserves
1359000
CY2019Q4 us-gaap Other Inventory Net Of Reserves
OtherInventoryNetOfReserves
1823000
CY2020Q4 us-gaap Inventory Net
InventoryNet
92737000
CY2019Q4 us-gaap Inventory Net
InventoryNet
116618000
CY2020Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
164835000
CY2019Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
154847000
CY2020Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
86159000
CY2019Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
77291000
CY2020Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
78676000
CY2019Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
77556000
CY2019 us-gaap Capitalized Computer Software Additions
CapitalizedComputerSoftwareAdditions
200000
CY2018 us-gaap Capitalized Computer Software Additions
CapitalizedComputerSoftwareAdditions
1100000
CY2020 us-gaap Depreciation
Depreciation
13200000
CY2019 us-gaap Depreciation
Depreciation
11835000
CY2018 us-gaap Depreciation
Depreciation
11442000
CY2020Q4 us-gaap Employee Related Liabilities Current
EmployeeRelatedLiabilitiesCurrent
12510000
CY2019Q4 us-gaap Employee Related Liabilities Current
EmployeeRelatedLiabilitiesCurrent
15359000
CY2020Q4 novt Accrued Earn Out And Contingent Considerations Current
AccruedEarnOutAndContingentConsiderationsCurrent
10796000
CY2019Q4 novt Accrued Earn Out And Contingent Considerations Current
AccruedEarnOutAndContingentConsiderationsCurrent
3813000
CY2020Q4 us-gaap Finance Lease Liability Current
FinanceLeaseLiabilityCurrent
9720000
CY2019Q4 us-gaap Finance Lease Liability Current
FinanceLeaseLiabilityCurrent
1307000
CY2020Q4 us-gaap Contract With Customer Liability Current
ContractWithCustomerLiabilityCurrent
6173000
CY2019Q4 us-gaap Contract With Customer Liability Current
ContractWithCustomerLiabilityCurrent
3219000
CY2020Q4 us-gaap Product Warranty Accrual Classified Current
ProductWarrantyAccrualClassifiedCurrent
4919000
CY2019Q4 novt Business Combination Deferred Cash Consideration
BusinessCombinationDeferredCashConsideration
27735000
CY2020Q4 us-gaap Other Liabilities Current
OtherLiabilitiesCurrent
9662000
CY2019Q4 us-gaap Other Liabilities Current
OtherLiabilitiesCurrent
13137000
CY2020Q4 us-gaap Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
53780000
CY2019Q4 us-gaap Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
70326000
CY2019Q4 us-gaap Product Warranty Accrual Classified Current
ProductWarrantyAccrualClassifiedCurrent
5756000
CY2018Q4 us-gaap Product Warranty Accrual Classified Current
ProductWarrantyAccrualClassifiedCurrent
4510000
CY2017Q4 us-gaap Product Warranty Accrual Classified Current
ProductWarrantyAccrualClassifiedCurrent
4835000
CY2020 us-gaap Product Warranty Accrual Warranties Issued
ProductWarrantyAccrualWarrantiesIssued
1838000
CY2019 us-gaap Product Warranty Accrual Warranties Issued
ProductWarrantyAccrualWarrantiesIssued
2360000
CY2018 us-gaap Product Warranty Accrual Warranties Issued
ProductWarrantyAccrualWarrantiesIssued
3111000
CY2019 us-gaap Product Warranty Accrual Additions From Business Acquisition
ProductWarrantyAccrualAdditionsFromBusinessAcquisition
142000
CY2020 us-gaap Product Warranty Accrual Payments
ProductWarrantyAccrualPayments
2805000
CY2019 us-gaap Product Warranty Accrual Payments
ProductWarrantyAccrualPayments
1282000
CY2018 us-gaap Product Warranty Accrual Payments
ProductWarrantyAccrualPayments
3341000
CY2020 us-gaap Standard And Extended Product Warranty Accrual Foreign Currency Translation Gain Loss
StandardAndExtendedProductWarrantyAccrualForeignCurrencyTranslationGainLoss
130000
CY2019 us-gaap Standard And Extended Product Warranty Accrual Foreign Currency Translation Gain Loss
StandardAndExtendedProductWarrantyAccrualForeignCurrencyTranslationGainLoss
26000
CY2018 us-gaap Standard And Extended Product Warranty Accrual Foreign Currency Translation Gain Loss
StandardAndExtendedProductWarrantyAccrualForeignCurrencyTranslationGainLoss
-95000
CY2020Q4 us-gaap Product Warranty Accrual Classified Current
ProductWarrantyAccrualClassifiedCurrent
4919000
CY2019Q4 us-gaap Product Warranty Accrual Classified Current
ProductWarrantyAccrualClassifiedCurrent
5756000
CY2018Q4 us-gaap Product Warranty Accrual Classified Current
ProductWarrantyAccrualClassifiedCurrent
4510000
CY2020Q4 us-gaap Finance Lease Liability Noncurrent
FinanceLeaseLiabilityNoncurrent
5908000
CY2019Q4 us-gaap Finance Lease Liability Noncurrent
FinanceLeaseLiabilityNoncurrent
14845000
CY2020Q4 us-gaap Defined Benefit Pension Plan Liabilities Noncurrent
DefinedBenefitPensionPlanLiabilitiesNoncurrent
1511000
CY2019Q4 us-gaap Defined Benefit Pension Plan Liabilities Noncurrent
DefinedBenefitPensionPlanLiabilitiesNoncurrent
1473000
CY2020Q4 novt Accrued Contingent Considerations And Earn Outs
AccruedContingentConsiderationsAndEarnOuts
7276000
CY2019Q4 novt Accrued Contingent Considerations And Earn Outs
AccruedContingentConsiderationsAndEarnOuts
16504000
CY2020Q4 us-gaap Other Sundry Liabilities Noncurrent
OtherSundryLiabilitiesNoncurrent
2471000
CY2019Q4 us-gaap Other Sundry Liabilities Noncurrent
OtherSundryLiabilitiesNoncurrent
4065000
CY2020Q4 us-gaap Other Liabilities Noncurrent
OtherLiabilitiesNoncurrent
17166000
CY2019Q4 us-gaap Other Liabilities Noncurrent
OtherLiabilitiesNoncurrent
36887000
CY2020Q4 us-gaap Long Term Debt Current
LongTermDebtCurrent
5508000
CY2019Q4 us-gaap Long Term Debt Current
LongTermDebtCurrent
5031000
CY2020Q4 us-gaap Long Term Debt Noncurrent
LongTermDebtNoncurrent
194927000
CY2019Q4 us-gaap Long Term Debt Noncurrent
LongTermDebtNoncurrent
215334000
CY2019Q4 us-gaap Debt Longterm And Shortterm Combined Amount
DebtLongtermAndShorttermCombinedAmount
220365000
CY2020 us-gaap Line Of Credit Facility Covenant Terms
LineOfCreditFacilityCovenantTerms
The Third Amended and Restated Credit Agreement also requires the Company to satisfy certain financial covenants, such as maintaining a minimum consolidated fixed charge coverage ratio of 1.50:1.00 and a maximum consolidated leverage ratio of 3.50:1.00. The maximum consolidated leverage ratio will increase to 4.00:1.00 for four consecutive quarters following an acquisition with an aggregate consideration greater than or equal to $50.0 million.
CY2020 novt Consolidated Fixed Charge Coverage Ratio Minimum
ConsolidatedFixedChargeCoverageRatioMinimum
1.50
CY2020 novt Consolidated Leverage Ratio Maximum
ConsolidatedLeverageRatioMaximum
3.50
CY2020Q4 us-gaap Debt Weighted Average Interest Rate
DebtWeightedAverageInterestRate
0.0153
CY2020 us-gaap Line Of Credit Facility Unused Capacity Commitment Fee Percentage
LineOfCreditFacilityUnusedCapacityCommitmentFeePercentage
0.0025
CY2020 us-gaap Amortization Of Financing Costs
AmortizationOfFinancingCosts
1000000.0
CY2019 us-gaap Amortization Of Financing Costs
AmortizationOfFinancingCosts
1100000
CY2018 us-gaap Amortization Of Financing Costs
AmortizationOfFinancingCosts
1000000.0
CY2020 novt Lessee Operating And Finance Lease Option To Extend And Terminate Description
LesseeOperatingAndFinanceLeaseOptionToExtendAndTerminateDescription
Certain leases include terms such as an option to purchase the property, one or more options to renew, with renewal terms that can extend the lease term from one to 10 years, and options to terminate the leases within one year.
CY2020 us-gaap Operating Lease Cost
OperatingLeaseCost
7693000
CY2019 us-gaap Operating Lease Cost
OperatingLeaseCost
7638000
CY2020 us-gaap Finance Lease Right Of Use Asset Amortization
FinanceLeaseRightOfUseAssetAmortization
989000
CY2019 us-gaap Finance Lease Right Of Use Asset Amortization
FinanceLeaseRightOfUseAssetAmortization
831000
CY2020 us-gaap Finance Lease Interest Expense
FinanceLeaseInterestExpense
432000
CY2019 us-gaap Finance Lease Interest Expense
FinanceLeaseInterestExpense
430000
CY2020 us-gaap Variable Lease Cost
VariableLeaseCost
1336000
CY2019 us-gaap Variable Lease Cost
VariableLeaseCost
1329000
CY2020 us-gaap Lease Cost
LeaseCost
10450000
CY2019 us-gaap Lease Cost
LeaseCost
10228000
CY2020Q4 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
34444000
CY2019Q4 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
35180000
CY2020Q4 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
6188000
CY2019Q4 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
5043000
CY2020Q4 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
32802000
CY2019Q4 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
34108000
CY2020Q4 us-gaap Operating Lease Liability
OperatingLeaseLiability
38990000
CY2019Q4 us-gaap Operating Lease Liability
OperatingLeaseLiability
39151000
CY2020Q4 novt Finance Lease Right Of Use Asset Gross
FinanceLeaseRightOfUseAssetGross
19819000
CY2019Q4 novt Finance Lease Right Of Use Asset Gross
FinanceLeaseRightOfUseAssetGross
19748000
CY2020Q4 novt Finance Lease Right Of Use Asset Accumulated Depreciation
FinanceLeaseRightOfUseAssetAccumulatedDepreciation
4934000
CY2019Q4 novt Finance Lease Right Of Use Asset Accumulated Depreciation
FinanceLeaseRightOfUseAssetAccumulatedDepreciation
4649000
CY2020Q4 us-gaap Finance Lease Right Of Use Asset
FinanceLeaseRightOfUseAsset
14885000
CY2019Q4 us-gaap Finance Lease Right Of Use Asset
FinanceLeaseRightOfUseAsset
15099000
CY2020Q4 us-gaap Finance Lease Liability Current
FinanceLeaseLiabilityCurrent
9720000
CY2019Q4 us-gaap Finance Lease Liability Current
FinanceLeaseLiabilityCurrent
1307000
CY2020Q4 us-gaap Finance Lease Liability Noncurrent
FinanceLeaseLiabilityNoncurrent
5908000
CY2019Q4 us-gaap Finance Lease Liability Noncurrent
FinanceLeaseLiabilityNoncurrent
14845000
CY2020Q4 us-gaap Finance Lease Liability
FinanceLeaseLiability
15628000
CY2019Q4 us-gaap Finance Lease Liability
FinanceLeaseLiability
16152000
CY2020Q4 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.0550
CY2019Q4 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.0560
CY2020Q4 us-gaap Finance Lease Weighted Average Discount Rate Percent
FinanceLeaseWeightedAverageDiscountRatePercent
0.0300
CY2019Q4 us-gaap Finance Lease Weighted Average Discount Rate Percent
FinanceLeaseWeightedAverageDiscountRatePercent
0.0309
CY2020 us-gaap Finance Lease Interest Payment On Liability
FinanceLeaseInterestPaymentOnLiability
432000
CY2019 us-gaap Finance Lease Interest Payment On Liability
FinanceLeaseInterestPaymentOnLiability
430000
CY2020 us-gaap Operating Lease Payments
OperatingLeasePayments
6760000
CY2019 us-gaap Operating Lease Payments
OperatingLeasePayments
7768000
CY2020 us-gaap Finance Lease Principal Payments
FinanceLeasePrincipalPayments
1321000
CY2019 us-gaap Finance Lease Principal Payments
FinanceLeasePrincipalPayments
868000
CY2020 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
4290000
CY2019 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
7723000
CY2019 us-gaap Right Of Use Asset Obtained In Exchange For Finance Lease Liability
RightOfUseAssetObtainedInExchangeForFinanceLeaseLiability
9209000
CY2020Q4 us-gaap Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
7297000
CY2020Q4 us-gaap Finance Lease Liability Payments Due Next Twelve Months
FinanceLeaseLiabilityPaymentsDueNextTwelveMonths
10060000
CY2020Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
6937000
CY2020Q4 us-gaap Finance Lease Liability Payments Due Year Two
FinanceLeaseLiabilityPaymentsDueYearTwo
907000
CY2020Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
5782000
CY2020Q4 us-gaap Finance Lease Liability Payments Due Year Three
FinanceLeaseLiabilityPaymentsDueYearThree
930000
CY2020Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Four
LesseeOperatingLeaseLiabilityPaymentsDueYearFour
4811000
CY2020Q4 us-gaap Finance Lease Liability Payments Due Year Four
FinanceLeaseLiabilityPaymentsDueYearFour
954000
CY2020Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Five
LesseeOperatingLeaseLiabilityPaymentsDueYearFive
4809000
CY2020Q4 us-gaap Finance Lease Liability Payments Due Year Five
FinanceLeaseLiabilityPaymentsDueYearFive
954000
CY2020Q4 us-gaap Lessee Operating Lease Liability Payments Due After Year Five
LesseeOperatingLeaseLiabilityPaymentsDueAfterYearFive
22037000
CY2020Q4 us-gaap Finance Lease Liability Payments Due After Year Five
FinanceLeaseLiabilityPaymentsDueAfterYearFive
3487000
CY2020Q4 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
51673000
CY2020Q4 us-gaap Finance Lease Liability Payments Due
FinanceLeaseLiabilityPaymentsDue
17292000
CY2020Q4 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
12683000
CY2020Q4 us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognized
18000000.0
CY2020Q4 us-gaap Finance Lease Liability Undiscounted Excess Amount
FinanceLeaseLiabilityUndiscountedExcessAmount
1664000
CY2020Q4 us-gaap Operating Lease Liability
OperatingLeaseLiability
38990000
CY2020Q4 us-gaap Finance Lease Liability
FinanceLeaseLiability
15628000
CY2020 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
23119000
CY2019 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
9340000
CY2018 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
7714000
CY2020 us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized Period For Recognition1
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognizedPeriodForRecognition1
P0Y11M15D
CY2020 us-gaap Defined Contribution Plan Employer Discretionary Contribution Amount
DefinedContributionPlanEmployerDiscretionaryContributionAmount
4200000
CY2019 us-gaap Defined Contribution Plan Employer Discretionary Contribution Amount
DefinedContributionPlanEmployerDiscretionaryContributionAmount
4400000
CY2018 us-gaap Defined Contribution Plan Employer Discretionary Contribution Amount
DefinedContributionPlanEmployerDiscretionaryContributionAmount
3900000
CY2020 us-gaap Defined Benefit Plan Interest Cost
DefinedBenefitPlanInterestCost
736000
CY2019 us-gaap Defined Benefit Plan Interest Cost
DefinedBenefitPlanInterestCost
971000
CY2018 us-gaap Defined Benefit Plan Interest Cost
DefinedBenefitPlanInterestCost
939000
CY2020 us-gaap Defined Benefit Plan Expected Return On Plan Assets
DefinedBenefitPlanExpectedReturnOnPlanAssets
1340000
CY2019 us-gaap Defined Benefit Plan Expected Return On Plan Assets
DefinedBenefitPlanExpectedReturnOnPlanAssets
1671000
CY2018 us-gaap Defined Benefit Plan Expected Return On Plan Assets
DefinedBenefitPlanExpectedReturnOnPlanAssets
1717000
CY2020 us-gaap Defined Benefit Plan Amortization Of Gains Losses
DefinedBenefitPlanAmortizationOfGainsLosses
-686000
CY2019 us-gaap Defined Benefit Plan Amortization Of Gains Losses
DefinedBenefitPlanAmortizationOfGainsLosses
-957000
CY2018 us-gaap Defined Benefit Plan Amortization Of Gains Losses
DefinedBenefitPlanAmortizationOfGainsLosses
-826000
CY2020 us-gaap Defined Benefit Plan Amortization Of Prior Service Cost Credit
DefinedBenefitPlanAmortizationOfPriorServiceCostCredit
29000
CY2019 us-gaap Defined Benefit Plan Amortization Of Prior Service Cost Credit
DefinedBenefitPlanAmortizationOfPriorServiceCostCredit
29000
CY2020 us-gaap Defined Benefit Plan Net Periodic Benefit Cost
DefinedBenefitPlanNetPeriodicBenefitCost
111000
CY2019 us-gaap Defined Benefit Plan Net Periodic Benefit Cost
DefinedBenefitPlanNetPeriodicBenefitCost
286000
CY2018 us-gaap Defined Benefit Plan Net Periodic Benefit Cost
DefinedBenefitPlanNetPeriodicBenefitCost
48000
CY2020 us-gaap Defined Benefit Plan Assumptions Used Calculating Net Periodic Benefit Cost Discount Rate
DefinedBenefitPlanAssumptionsUsedCalculatingNetPeriodicBenefitCostDiscountRate
0.019
CY2019 us-gaap Defined Benefit Plan Assumptions Used Calculating Net Periodic Benefit Cost Discount Rate
DefinedBenefitPlanAssumptionsUsedCalculatingNetPeriodicBenefitCostDiscountRate
0.027
CY2018 us-gaap Defined Benefit Plan Assumptions Used Calculating Net Periodic Benefit Cost Discount Rate
DefinedBenefitPlanAssumptionsUsedCalculatingNetPeriodicBenefitCostDiscountRate
0.024
CY2020 us-gaap Defined Benefit Plan Assumptions Used Calculating Net Periodic Benefit Cost Expected Long Term Return On Assets
DefinedBenefitPlanAssumptionsUsedCalculatingNetPeriodicBenefitCostExpectedLongTermReturnOnAssets
0.036
CY2019 us-gaap Defined Benefit Plan Assumptions Used Calculating Net Periodic Benefit Cost Expected Long Term Return On Assets
DefinedBenefitPlanAssumptionsUsedCalculatingNetPeriodicBenefitCostExpectedLongTermReturnOnAssets
0.051
CY2018 us-gaap Defined Benefit Plan Assumptions Used Calculating Net Periodic Benefit Cost Expected Long Term Return On Assets
DefinedBenefitPlanAssumptionsUsedCalculatingNetPeriodicBenefitCostExpectedLongTermReturnOnAssets
0.048
CY2020Q4 us-gaap Defined Benefit Plan Assumptions Used Calculating Benefit Obligation Discount Rate
DefinedBenefitPlanAssumptionsUsedCalculatingBenefitObligationDiscountRate
0.012
CY2019Q4 us-gaap Defined Benefit Plan Assumptions Used Calculating Benefit Obligation Discount Rate
DefinedBenefitPlanAssumptionsUsedCalculatingBenefitObligationDiscountRate
0.019
CY2020Q4 novt Defined Benefit Plan Assumptions Used Calculating Benefit Obligation Inflation Rate
DefinedBenefitPlanAssumptionsUsedCalculatingBenefitObligationInflationRate
0.026
CY2019Q4 novt Defined Benefit Plan Assumptions Used Calculating Benefit Obligation Inflation Rate
DefinedBenefitPlanAssumptionsUsedCalculatingBenefitObligationInflationRate
0.025
CY2019Q4 us-gaap Defined Benefit Plan Benefit Obligation
DefinedBenefitPlanBenefitObligation
40456000
CY2018Q4 us-gaap Defined Benefit Plan Benefit Obligation
DefinedBenefitPlanBenefitObligation
36882000
CY2020 us-gaap Defined Benefit Plan Interest Cost
DefinedBenefitPlanInterestCost
736000
CY2020Q4 us-gaap Defined Benefit Plan Accumulated Benefit Obligation
DefinedBenefitPlanAccumulatedBenefitObligation
47200000
CY2019Q4 us-gaap Defined Benefit Plan Accumulated Benefit Obligation
DefinedBenefitPlanAccumulatedBenefitObligation
40456000
CY2019 us-gaap Defined Benefit Plan Interest Cost
DefinedBenefitPlanInterestCost
971000
CY2020 us-gaap Defined Benefit Plan Actuarial Gain Loss
DefinedBenefitPlanActuarialGainLoss
-5410000
CY2019Q4 us-gaap Defined Benefit Plan Fair Value Of Plan Assets
DefinedBenefitPlanFairValueOfPlanAssets
38983000
CY2019 us-gaap Defined Benefit Plan Actuarial Gain Loss
DefinedBenefitPlanActuarialGainLoss
-3005000
CY2020 us-gaap Defined Benefit Plan Benefit Obligation Benefits Paid
DefinedBenefitPlanBenefitObligationBenefitsPaid
1111000
CY2019 us-gaap Defined Benefit Plan Benefit Obligation Benefits Paid
DefinedBenefitPlanBenefitObligationBenefitsPaid
1696000
CY2020 us-gaap Defined Benefit Plan Foreign Currency Exchange Rate Changes Benefit Obligation
DefinedBenefitPlanForeignCurrencyExchangeRateChangesBenefitObligation
1709000
CY2019 us-gaap Defined Benefit Plan Foreign Currency Exchange Rate Changes Benefit Obligation
DefinedBenefitPlanForeignCurrencyExchangeRateChangesBenefitObligation
1294000
CY2020Q4 us-gaap Defined Benefit Plan Benefit Obligation
DefinedBenefitPlanBenefitObligation
47200000
CY2019Q4 us-gaap Defined Benefit Plan Benefit Obligation
DefinedBenefitPlanBenefitObligation
40456000
CY2018Q4 us-gaap Defined Benefit Plan Fair Value Of Plan Assets
DefinedBenefitPlanFairValueOfPlanAssets
33124000
CY2020 us-gaap Defined Benefit Plan Actual Return On Plan Assets
DefinedBenefitPlanActualReturnOnPlanAssets
5170000
CY2019 us-gaap Defined Benefit Plan Actual Return On Plan Assets
DefinedBenefitPlanActualReturnOnPlanAssets
5410000
CY2020 us-gaap Defined Benefit Plan Contributions By Employer
DefinedBenefitPlanContributionsByEmployer
988000
CY2019 us-gaap Defined Benefit Plan Contributions By Employer
DefinedBenefitPlanContributionsByEmployer
894000
CY2020 us-gaap Defined Benefit Plan Benefit Obligation Benefits Paid
DefinedBenefitPlanBenefitObligationBenefitsPaid
1111000
CY2019 us-gaap Defined Benefit Plan Benefit Obligation Benefits Paid
DefinedBenefitPlanBenefitObligationBenefitsPaid
1696000
CY2020 us-gaap Defined Benefit Plan Plan Assets Foreign Currency Translation Gain Loss
DefinedBenefitPlanPlanAssetsForeignCurrencyTranslationGainLoss
1659000
CY2019 us-gaap Defined Benefit Plan Plan Assets Foreign Currency Translation Gain Loss
DefinedBenefitPlanPlanAssetsForeignCurrencyTranslationGainLoss
1251000
CY2020Q4 us-gaap Defined Benefit Plan Fair Value Of Plan Assets
DefinedBenefitPlanFairValueOfPlanAssets
45689000
CY2019Q4 us-gaap Defined Benefit Plan Fair Value Of Plan Assets
DefinedBenefitPlanFairValueOfPlanAssets
38983000
CY2020Q4 us-gaap Defined Benefit Plan Funded Status Of Plan
DefinedBenefitPlanFundedStatusOfPlan
-1511000
CY2019Q4 us-gaap Defined Benefit Plan Funded Status Of Plan
DefinedBenefitPlanFundedStatusOfPlan
-1473000
CY2019Q4 us-gaap Defined Benefit Plan Accumulated Other Comprehensive Income Net Gains Losses Before Tax
DefinedBenefitPlanAccumulatedOtherComprehensiveIncomeNetGainsLossesBeforeTax
-9706000
CY2018Q4 us-gaap Defined Benefit Plan Accumulated Other Comprehensive Income Net Gains Losses Before Tax
DefinedBenefitPlanAccumulatedOtherComprehensiveIncomeNetGainsLossesBeforeTax
-11120000
CY2020 us-gaap Defined Benefit Plan Amounts Recognized In Other Comprehensive Income Loss Net Gain Loss Before Tax
DefinedBenefitPlanAmountsRecognizedInOtherComprehensiveIncomeLossNetGainLossBeforeTax
-1580000
CY2019 us-gaap Defined Benefit Plan Amounts Recognized In Other Comprehensive Income Loss Net Gain Loss Before Tax
DefinedBenefitPlanAmountsRecognizedInOtherComprehensiveIncomeLossNetGainLossBeforeTax
734000
CY2020 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci Pension And Other Postretirement Benefit Plans For Net Gain Loss Before Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansForNetGainLossBeforeTax
715000
CY2019 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci Pension And Other Postretirement Benefit Plans For Net Gain Loss Before Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansForNetGainLossBeforeTax
986000
CY2020 novt Defined Benefit Plan Accumulated Other Comprehensive Income Foreign Currency Exchange Rate Changes
DefinedBenefitPlanAccumulatedOtherComprehensiveIncomeForeignCurrencyExchangeRateChanges
-387000
CY2019 novt Defined Benefit Plan Accumulated Other Comprehensive Income Foreign Currency Exchange Rate Changes
DefinedBenefitPlanAccumulatedOtherComprehensiveIncomeForeignCurrencyExchangeRateChanges
-306000
CY2020Q4 us-gaap Defined Benefit Plan Accumulated Other Comprehensive Income Net Gains Losses Before Tax
DefinedBenefitPlanAccumulatedOtherComprehensiveIncomeNetGainsLossesBeforeTax
-10958000
CY2019Q4 us-gaap Defined Benefit Plan Accumulated Other Comprehensive Income Net Gains Losses Before Tax
DefinedBenefitPlanAccumulatedOtherComprehensiveIncomeNetGainsLossesBeforeTax
-9706000
CY2020Q4 us-gaap Defined Benefit Plan Expected Future Benefit Payments Next Twelve Months
DefinedBenefitPlanExpectedFutureBenefitPaymentsNextTwelveMonths
1252000
CY2020Q4 us-gaap Defined Benefit Plan Expected Future Benefit Payments Year Two
DefinedBenefitPlanExpectedFutureBenefitPaymentsYearTwo
1109000
CY2020Q4 us-gaap Defined Benefit Plan Expected Future Benefit Payments Year Three
DefinedBenefitPlanExpectedFutureBenefitPaymentsYearThree
1211000
CY2020Q4 us-gaap Defined Benefit Plan Expected Future Benefit Payments Year Four
DefinedBenefitPlanExpectedFutureBenefitPaymentsYearFour
1588000
CY2020Q4 us-gaap Defined Benefit Plan Expected Future Benefit Payments Year Five
DefinedBenefitPlanExpectedFutureBenefitPaymentsYearFive
1439000
CY2020Q4 us-gaap Defined Benefit Plan Expected Future Benefit Payments Five Fiscal Years Thereafter
DefinedBenefitPlanExpectedFutureBenefitPaymentsFiveFiscalYearsThereafter
10015000
CY2020Q4 novt Defined Benefit Plan Expected Future Benefit Payments
DefinedBenefitPlanExpectedFutureBenefitPayments
16614000
CY2020 novt Funding Valuation Period
FundingValuationPeriod
P3Y
CY2020Q4 us-gaap Defined Benefit Plan Expected Future Employer Contributions Next Fiscal Year
DefinedBenefitPlanExpectedFutureEmployerContributionsNextFiscalYear
1000000.0
CY2020Q4 novt Defined Benefit Plan Expected Future Employer Contributions Increasing Percentage Next Fiscal Year Thereafter
DefinedBenefitPlanExpectedFutureEmployerContributionsIncreasingPercentageNextFiscalYearThereafter
0.029
CY2020Q4 us-gaap Defined Benefit Plan Fair Value Of Plan Assets
DefinedBenefitPlanFairValueOfPlanAssets
45689000
CY2019Q4 us-gaap Defined Benefit Plan Fair Value Of Plan Assets
DefinedBenefitPlanFairValueOfPlanAssets
38983000
CY2020 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
48403000
CY2019 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
45766000
CY2018 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
61302000
CY2020 us-gaap Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
7995000
CY2019 us-gaap Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
9325000
CY2018 us-gaap Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
16283000
CY2020 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
-4113000
CY2019 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
-4332000
CY2018 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
-6076000
CY2020 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
3882000
CY2019 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
4993000
CY2018 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
10207000
CY2020Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Compensation And Benefits
DeferredTaxAssetsTaxDeferredExpenseCompensationAndBenefits
5955000
CY2019Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Compensation And Benefits
DeferredTaxAssetsTaxDeferredExpenseCompensationAndBenefits
3932000
CY2017Q4 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
4089000
CY2020Q4 us-gaap Deferred Tax Assets Operating Loss Carryforwards
DeferredTaxAssetsOperatingLossCarryforwards
8524000
CY2019Q4 us-gaap Deferred Tax Assets Operating Loss Carryforwards
DeferredTaxAssetsOperatingLossCarryforwards
9484000
CY2020Q4 novt Deferred Tax Assets Operating Lease Liabilities
DeferredTaxAssetsOperatingLeaseLiabilities
10216000
CY2019Q4 novt Deferred Tax Assets Operating Lease Liabilities
DeferredTaxAssetsOperatingLeaseLiabilities
8386000
CY2019Q4 us-gaap Deferred Tax Assets Gross
DeferredTaxAssetsGross
30372000
CY2018 us-gaap Unrecognized Tax Benefits Increases Resulting From Current Period Tax Positions
UnrecognizedTaxBenefitsIncreasesResultingFromCurrentPeriodTaxPositions
394000
CY2018 us-gaap Unrecognized Tax Benefits Increases Resulting From Prior Period Tax Positions
UnrecognizedTaxBenefitsIncreasesResultingFromPriorPeriodTaxPositions
655000
CY2018 us-gaap Unrecognized Tax Benefits Decreases Resulting From Prior Period Tax Positions
UnrecognizedTaxBenefitsDecreasesResultingFromPriorPeriodTaxPositions
69000
CY2018 us-gaap Unrecognized Tax Benefits Reductions Resulting From Lapse Of Applicable Statute Of Limitations
UnrecognizedTaxBenefitsReductionsResultingFromLapseOfApplicableStatuteOfLimitations
239000
CY2018 us-gaap Unrecognized Tax Benefits Decreases Resulting From Settlements With Taxing Authorities
UnrecognizedTaxBenefitsDecreasesResultingFromSettlementsWithTaxingAuthorities
105000
CY2020Q4 us-gaap Deferred Tax Assets Inventory
DeferredTaxAssetsInventory
5090000
CY2019Q4 us-gaap Deferred Tax Assets Inventory
DeferredTaxAssetsInventory
4543000
CY2020Q4 us-gaap Deferred Tax Assets Tax Credit Carryforwards
DeferredTaxAssetsTaxCreditCarryforwards
2958000
CY2019Q4 us-gaap Deferred Tax Assets Tax Credit Carryforwards
DeferredTaxAssetsTaxCreditCarryforwards
2785000
CY2020Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Reserves And Accruals Restructuring Charges
DeferredTaxAssetsTaxDeferredExpenseReservesAndAccrualsRestructuringCharges
185000
CY2019Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Reserves And Accruals Restructuring Charges
DeferredTaxAssetsTaxDeferredExpenseReservesAndAccrualsRestructuringCharges
324000
CY2020Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Reserves And Accruals Warranty Reserves
DeferredTaxAssetsTaxDeferredExpenseReservesAndAccrualsWarrantyReserves
720000
CY2019Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Reserves And Accruals Warranty Reserves
DeferredTaxAssetsTaxDeferredExpenseReservesAndAccrualsWarrantyReserves
772000
CY2020Q4 us-gaap Deferred Tax Assets Other
DeferredTaxAssetsOther
957000
CY2019Q4 us-gaap Deferred Tax Assets Other
DeferredTaxAssetsOther
146000
CY2020Q4 us-gaap Deferred Tax Assets Gross
DeferredTaxAssetsGross
34605000
CY2020Q4 us-gaap Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
11561000
CY2019Q4 us-gaap Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
12302000
CY2020Q4 us-gaap Deferred Tax Assets Net
DeferredTaxAssetsNet
23044000
CY2019Q4 us-gaap Deferred Tax Assets Net
DeferredTaxAssetsNet
18070000
CY2020Q4 us-gaap Deferred Tax Liabilities Property Plant And Equipment
DeferredTaxLiabilitiesPropertyPlantAndEquipment
1583000
CY2019Q4 us-gaap Deferred Tax Liabilities Property Plant And Equipment
DeferredTaxLiabilitiesPropertyPlantAndEquipment
1338000
CY2020Q4 us-gaap Deferred Tax Liabilities Goodwill And Intangible Assets Intangible Assets
DeferredTaxLiabilitiesGoodwillAndIntangibleAssetsIntangibleAssets
24772000
CY2019Q4 us-gaap Deferred Tax Liabilities Goodwill And Intangible Assets Intangible Assets
DeferredTaxLiabilitiesGoodwillAndIntangibleAssetsIntangibleAssets
26310000
CY2020Q4 us-gaap Deferred Tax Liabilities Unrealized Currency Transaction Gains
DeferredTaxLiabilitiesUnrealizedCurrencyTransactionGains
372000
CY2019Q4 us-gaap Deferred Tax Liabilities Unrealized Currency Transaction Gains
DeferredTaxLiabilitiesUnrealizedCurrencyTransactionGains
194000
CY2020Q4 novt Deferred Tax Liabilities Operating Lease Right Of Use Assets
DeferredTaxLiabilitiesOperatingLeaseRightOfUseAssets
9960000
CY2019Q4 novt Deferred Tax Liabilities Operating Lease Right Of Use Assets
DeferredTaxLiabilitiesOperatingLeaseRightOfUseAssets
8014000
CY2020Q4 us-gaap Deferred Income Tax Liabilities
DeferredIncomeTaxLiabilities
36687000
CY2019Q4 us-gaap Deferred Income Tax Liabilities
DeferredIncomeTaxLiabilities
35856000
CY2020Q4 us-gaap Deferred Tax Liabilities
DeferredTaxLiabilities
13643000
CY2019Q4 us-gaap Deferred Tax Liabilities
DeferredTaxLiabilities
17786000
CY2020 novt Deferred Tax Assets Valuation Allowance Reversed
DeferredTaxAssetsValuationAllowanceReversed
700000
CY2019 novt Deferred Tax Assets Valuation Allowance Reversed
DeferredTaxAssetsValuationAllowanceReversed
500000
CY2020Q4 us-gaap Operating Loss Carryforwards
OperatingLossCarryforwards
3100000
CY2020Q4 us-gaap Deferred Tax Assets Capital Loss Carryforwards
DeferredTaxAssetsCapitalLossCarryforwards
5700000
CY2019Q4 us-gaap Operating Loss Carryforwards
OperatingLossCarryforwards
3800000
CY2019Q4 us-gaap Deferred Tax Assets Capital Loss Carryforwards
DeferredTaxAssetsCapitalLossCarryforwards
5700000
CY2020Q4 us-gaap Tax Credit Carryforward Amount
TaxCreditCarryforwardAmount
3300000
CY2019Q4 us-gaap Tax Credit Carryforward Amount
TaxCreditCarryforwardAmount
2800000
CY2020Q4 us-gaap Undistributed Earnings Of Foreign Subsidiaries
UndistributedEarningsOfForeignSubsidiaries
220400000
CY2020Q4 us-gaap Deferred Tax Liability Not Recognized Amount Of Unrecognized Deferred Tax Liability Undistributed Earnings Of Foreign Subsidiaries
DeferredTaxLiabilityNotRecognizedAmountOfUnrecognizedDeferredTaxLiabilityUndistributedEarningsOfForeignSubsidiaries
3900000
CY2020Q4 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
5300000
CY2020Q4 us-gaap Unrecognized Tax Benefits That Would Impact Effective Tax Rate
UnrecognizedTaxBenefitsThatWouldImpactEffectiveTaxRate
5000000.0
CY2018Q4 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
4725000
CY2019 us-gaap Unrecognized Tax Benefits Increases Resulting From Current Period Tax Positions
UnrecognizedTaxBenefitsIncreasesResultingFromCurrentPeriodTaxPositions
727000
CY2019 us-gaap Unrecognized Tax Benefits Increases Resulting From Prior Period Tax Positions
UnrecognizedTaxBenefitsIncreasesResultingFromPriorPeriodTaxPositions
5000
CY2019 us-gaap Unrecognized Tax Benefits Decreases Resulting From Prior Period Tax Positions
UnrecognizedTaxBenefitsDecreasesResultingFromPriorPeriodTaxPositions
31000
CY2019 us-gaap Unrecognized Tax Benefits Reductions Resulting From Lapse Of Applicable Statute Of Limitations
UnrecognizedTaxBenefitsReductionsResultingFromLapseOfApplicableStatuteOfLimitations
497000
CY2019Q4 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
4929000
CY2020 us-gaap Unrecognized Tax Benefits Increases Resulting From Current Period Tax Positions
UnrecognizedTaxBenefitsIncreasesResultingFromCurrentPeriodTaxPositions
476000
CY2020 us-gaap Unrecognized Tax Benefits Increases Resulting From Prior Period Tax Positions
UnrecognizedTaxBenefitsIncreasesResultingFromPriorPeriodTaxPositions
356000
CY2019 novt Restructuring Charges And Acquisition Related Costs
RestructuringChargesAndAcquisitionRelatedCosts
16574000
CY2020 us-gaap Unrecognized Tax Benefits Decreases Resulting From Prior Period Tax Positions
UnrecognizedTaxBenefitsDecreasesResultingFromPriorPeriodTaxPositions
5000
CY2020 us-gaap Unrecognized Tax Benefits Reductions Resulting From Lapse Of Applicable Statute Of Limitations
UnrecognizedTaxBenefitsReductionsResultingFromLapseOfApplicableStatuteOfLimitations
498000
CY2020Q4 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
5258000
CY2020Q4 us-gaap Unrecognized Tax Benefits Income Tax Penalties And Interest Accrued
UnrecognizedTaxBenefitsIncomeTaxPenaltiesAndInterestAccrued
700000
CY2019Q4 us-gaap Unrecognized Tax Benefits Income Tax Penalties And Interest Accrued
UnrecognizedTaxBenefitsIncomeTaxPenaltiesAndInterestAccrued
500000
CY2020 us-gaap Restructuring Costs
RestructuringCosts
4477000
CY2019 us-gaap Restructuring Costs
RestructuringCosts
8640000
CY2018 us-gaap Restructuring Costs
RestructuringCosts
2025000
CY2020 us-gaap Business Combination Acquisition Related Costs
BusinessCombinationAcquisitionRelatedCosts
-667000
CY2019 us-gaap Business Combination Acquisition Related Costs
BusinessCombinationAcquisitionRelatedCosts
7934000
CY2018 us-gaap Business Combination Acquisition Related Costs
BusinessCombinationAcquisitionRelatedCosts
6016000
CY2020 novt Restructuring Charges And Acquisition Related Costs
RestructuringChargesAndAcquisitionRelatedCosts
3810000
CY2018 novt Restructuring Charges And Acquisition Related Costs
RestructuringChargesAndAcquisitionRelatedCosts
8041000
CY2018Q4 us-gaap Restructuring Reserve
RestructuringReserve
1276000
CY2019 us-gaap Restructuring Charges
RestructuringCharges
8640000
CY2019 us-gaap Payments For Restructuring
PaymentsForRestructuring
3507000
CY2019 us-gaap Restructuring Reserve Accrual Adjustment1
RestructuringReserveAccrualAdjustment1
-388000
CY2019 us-gaap Restructuring Reserve Translation And Other Adjustment
RestructuringReserveTranslationAndOtherAdjustment
-3948000
CY2019Q4 us-gaap Restructuring Reserve
RestructuringReserve
2073000
CY2020 us-gaap Restructuring Charges
RestructuringCharges
4477000
CY2020 us-gaap Payments For Restructuring
PaymentsForRestructuring
4024000
CY2020 us-gaap Restructuring Reserve Translation And Other Adjustment
RestructuringReserveTranslationAndOtherAdjustment
-726000
CY2020Q4 us-gaap Restructuring Reserve
RestructuringReserve
1800000
CY2020 us-gaap Operating Lease Impairment Loss
OperatingLeaseImpairmentLoss
2600000
CY2020 us-gaap Legal Fees
LegalFees
1700000
CY2020Q4 us-gaap Purchase Obligation
PurchaseObligation
54600000
CY2020Q4 us-gaap Purchase Obligation Due In Next Twelve Months
PurchaseObligationDueInNextTwelveMonths
54400000
CY2020Q4 us-gaap Purchase Obligation Due In Second Year
PurchaseObligationDueInSecondYear
200000
CY2020 novt Number Of Customers Accounted For More Than Ten Percent Of Accounts Receivable
NumberOfCustomersAccountedForMoreThanTenPercentOfAccountsReceivable
0
CY2019 novt Number Of Customers Accounted For More Than Ten Percent Of Accounts Receivable
NumberOfCustomersAccountedForMoreThanTenPercentOfAccountsReceivable
0
CY2020 us-gaap Number Of Reportable Segments
NumberOfReportableSegments
3
CY2020 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
590623000
CY2019 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
626099000
CY2018 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
614337000
CY2020 us-gaap Gross Profit
GrossProfit
244517000
CY2019 us-gaap Gross Profit
GrossProfit
262085000
CY2018 us-gaap Gross Profit
GrossProfit
261528000
CY2020 us-gaap Operating Income Loss
OperatingIncomeLoss
55888000
CY2019 us-gaap Operating Income Loss
OperatingIncomeLoss
55282000
CY2018 us-gaap Operating Income Loss
OperatingIncomeLoss
71013000
CY2020 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
38293000
CY2019 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
38280000
CY2018 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
37052000
CY2020Q4 us-gaap Accounts Receivable Net Current
AccountsReceivableNetCurrent
75054000
CY2019Q4 us-gaap Accounts Receivable Net Current
AccountsReceivableNetCurrent
91078000
CY2020Q4 us-gaap Inventory Net
InventoryNet
92737000
CY2019Q4 us-gaap Inventory Net
InventoryNet
116618000
CY2020Q4 novt Segment Assets
SegmentAssets
167791000
CY2019Q4 novt Segment Assets
SegmentAssets
207696000
CY2020Q4 novt Segment Assets
SegmentAssets
167791000
CY2019Q4 novt Segment Assets
SegmentAssets
207696000
CY2020Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
125054000
CY2019Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
78944000
CY2020Q4 novt Prepaid Income Taxes And Income Taxes Receivable Current
PrepaidIncomeTaxesAndIncomeTaxesReceivableCurrent
3203000
CY2019Q4 novt Prepaid Income Taxes And Income Taxes Receivable Current
PrepaidIncomeTaxesAndIncomeTaxesReceivableCurrent
5905000
CY2020Q4 us-gaap Prepaid Expense And Other Assets Current
PrepaidExpenseAndOtherAssetsCurrent
8125000
CY2019Q4 us-gaap Prepaid Expense And Other Assets Current
PrepaidExpenseAndOtherAssetsCurrent
11967000
CY2020Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
78676000
CY2019Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
77556000
CY2020Q4 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
34444000
CY2019Q4 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
35180000
CY2020Q4 us-gaap Deferred Income Tax Assets Net
DeferredIncomeTaxAssetsNet
10491000
CY2019Q4 us-gaap Deferred Income Tax Assets Net
DeferredIncomeTaxAssetsNet
8890000
CY2020Q4 us-gaap Other Assets Noncurrent
OtherAssetsNoncurrent
2894000
CY2019Q4 us-gaap Other Assets Noncurrent
OtherAssetsNoncurrent
2713000
CY2020Q4 us-gaap Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
148521000
CY2019Q4 us-gaap Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
166175000
CY2020Q4 us-gaap Goodwill
Goodwill
285980000
CY2019Q4 us-gaap Goodwill
Goodwill
274710000
CY2020Q4 us-gaap Assets
Assets
865179000
CY2019Q4 us-gaap Assets
Assets
869736000
CY2019 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
626099000
CY2018 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
614337000
CY2020Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
78676000
CY2019Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
77556000
CY2020 novt Number Of Primary End Market Segments
NumberOfPrimaryEndMarketSegments
2
CY2020 novt Percentage Of Revenue By End Market
PercentageOfRevenueByEndMarket
1
CY2019 novt Percentage Of Revenue By End Market
PercentageOfRevenueByEndMarket
1
CY2018 novt Percentage Of Revenue By End Market
PercentageOfRevenueByEndMarket
1
CY2019 novt Number Of Customers Exceeded Ten Percentage Of Revenue
NumberOfCustomersExceededTenPercentageOfRevenue
0
CY2018 novt Number Of Customers Exceeded Ten Percentage Of Revenue
NumberOfCustomersExceededTenPercentageOfRevenue
0

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